Fannie Mae committed to purchase $17.6 billion in mortgages in April and issued $31.4 billion of mortgage-backed securities, setting new records.

Commitments to purchase were up from $14.7 billion in March, and mortgage-backed securities issuance rose from $25.1 billion.

Mortgage purchases also reached an all-time high in April, rising to $14.7 billion, from $12.1 billion in March.

Fannie's net mortgage portfolio grew at an annualized rate of 24.3% in April, to $333.5 billion.

Mortgage-backed securities outstanding increased at an annualized rate of 18.1%, to $741.9 billion, after growing 14.2% in March.

The conventional single-family at-risk serious delinquency rate fell to 0.61% in March, after rising for five consecutive months, from 0.59% in October 1997 to 0.64% in February 1998.

The conventional multifamily at-risk serious delinquency rate fell to 0.36% in March, from 0.39% in February.

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